PYMNTS

APRIL 1, 2020

Consumer data privacy laws were making compliance difficult before a pandemic brought the world to a halt. In the latest Merchants Guide To Navigating Global Payments Regulations we find that dastardly data deeds aren’t stopping despite COVID-19. Are we living in those conditions now? No one is totally sure. Sixty-three percent of U.S.

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Compliance Data Google Regulation 153

Bank Innovation

FEBRUARY 17, 2017

In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. These changes include expanding the Read More.

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New York Fintech Online Compliance 218

PYMNTS

JANUARY 10, 2020

Deribit , a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to Bloomberg. Illinois’s Blockchain Technology Act went into effect on Jan. In other news, blockchain compliance startup Securrency has received $17.65

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Illinois blockchain Regulation Bitcoin 131

PYMNTS

SEPTEMBER 3, 2019

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. In corporate payments news, Citi is tapping into application programming interface (API) calls to make treasury ops real-time. All this, Today in Data. 659B : Estimated potential value of U.S.

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Taxes South Dakota Technology New York 122

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). Legacy Systems: Legacy technology, or technology that is outdated and does not require MFA, can provide an open door to an attacker.

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Regulation Security System New York 124

PYMNTS

FEBRUARY 22, 2019

Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. On Wednesday (Feb.

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Compliance Los Angeles New York blockchain 108

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.

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Regulation South Dakota ATM New York City 135

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.

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Security New York Atlanta Fraud 233

FICO

NOVEMBER 1, 2016

Some policy leaders, like those in New York, are not deferring to the federal government to take the lead. On September 13, the New York Department of Financial Services (NYDFS) proposed first-of-its-kind cybersecurity rules covering a wide range of banks, insurers and financial services companies under its jurisdiction.

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New York Regulation Policies National 40

Perficient

AUGUST 16, 2023

Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

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Online New York Lending Regulation 100

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. The regulators don’t care what your budget is,” Luttrell says. Get adequate resources.

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Resources Regulation Compliance Policies 195

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. Maybe, maybe not. As Webster recounted Monday (Jan.

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PYMNTS

JULY 2, 2020

Payroll card provider Global Cash Card has reportedly lost its legal battle against the New York Department of Labor, which had imposed regulations on payroll card companies in an effort to protect employees against unfair fees. ADP Eyes Payroll Card Adoption Jump. Galileo Launches Contractor Pay Card.

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Cards New York Capital Compliance 208

CB Insights

SEPTEMBER 13, 2021

The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others. It caters to 150 customers — including global banks, cryptocurrency exchanges, VASPs, and regulators — enabling them to convert on opportunities across more than 7,000 cryptocurrency entities.

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Analytics Technology cryptocurrency blockchain 43

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. For more on this and other developments, take a look at the Playbook’s News and Trends section.

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Marketing Regulation Case Study Security 179

PYMNTS

JULY 12, 2019

Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation. State and federal regulation can ensure that those consumers are using safe products. This is the pain point that LeafWorks aims to address with its recently announced Supply Chain Certification solution.

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Retail Colorado Regulation Compliance 154

PYMNTS

JANUARY 25, 2019

Chainalysis unveiled an anti-money laundering (AML) compliance solution for stablecoins called Know Your Transaction (KYT), the company said in an announcement. In other news, Robinhood got the green light to trade seven digital currencies — such as bitcoin and litecoin, among others — in New York state, Reuters reported.

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blockchain Bitcoin Security Survey 123

PYMNTS

JULY 9, 2019

Facebook joined forces with technology lobbyists and government leaders to challenge privacy campaigners led by Schrems, who has a record of winning important cases against Facebook. What happens Dec. 12 could affect how hundreds of thousands of companies transfer personal data worldwide, Bloomberg and other outlets report.

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United States New York Apple Compliance 100

PYMNTS

JULY 9, 2019

Facebook joined forces with technology lobbyists and government leaders to challenge privacy campaigners led by Schrems, who has a record of winning important cases against Facebook. What happens Dec. 12 could affect how hundreds of thousands of companies transfer personal data worldwide, Bloomberg and other outlets report.

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United States New York Apple Compliance 100

PYMNTS

DECEMBER 27, 2019

But digital technology and the sharing economy, already the disrupters of so much, are now challenging the status quo when it comes to corporate housing. The company is based in San Francisco and operates in the Bay Area, Los Angeles, New York City, Seattle and Washington, D.C. Perhaps a fancy hotel downtown.

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Los Angeles San Francisco New York City Trends 139

PYMNTS

JUNE 10, 2019

Government procurement moved to the spotlight last week when New York City Comptroller Scott Stringer announced he is closely monitoring the state’s eProcurement project following reports of surging costs. And it all must be done in compliance with the law. “You’re seeing a lot of serious problems with it.”

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New York City New York Nevada Payments 145

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

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cryptocurrency Innovation DC National 146

PYMNTS

JANUARY 3, 2020

In a way, the practice of payments — payments itself — is moving from the high minor leagues to the majors, and to the New York Yankees at that. Payments, of course, have always been important, but the new decade promises to be something else entirely. But in fairness, it’s going to be a big one, at least from all the signs.

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Payments Innovation Maine Compliance 209

PYMNTS

SEPTEMBER 10, 2019

Businesses that don’t comply with know your customer (KYC) and anti-money laundering (AML) regulations chance major regulatory fines and irreparable damage to customer relationships when something goes wrong. As a result, companies must either invest in teams of AML specialists or fraud-fighting technologies.

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Apple New York City Payments New York 108

Insights on Business

FEBRUARY 23, 2019

This paradigm shift is not only changing the landscape of the market—with fintech consolidation and new partnerships that would have seemed like odd bedfellows a mere 36 months ago—but it is changing organizational design, hiring and training philosophies, and even the role regulators see themselves playing.

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Innovation New York City Training Case Study 125

PYMNTS

FEBRUARY 21, 2018

We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release. We will continue to focus on these types of platforms to protect investors and ensure compliance with the securities laws.”. In a parallel criminal case, the U.S.

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Fraud Bitcoin New York Regional 102

PYMNTS

OCTOBER 11, 2017

Banks that power international payments must satisfy the regulations and standards on both ends of the transaction, but while also protecting the transacting parties and the funds moving between them. Toronto-based technology startup nanopay aims to make the whole process easier — and more secure.

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Payments New York City New York Conference 101

CFPB Monitor

FEBRUARY 10, 2021

On January 26, 2021, the FTC sent its annual letter to the CFPB reporting on the FTC’s activities related to the Equal Credit Opportunity Act (“ECOA”) and Regulation B. The FTC has authority to enforce the ECOA and Regulation B with respect to nonbank financial service providers within its jurisdiction.

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Report New York City Lending Regulation 78

PYMNTS

SEPTEMBER 29, 2017

The response from payment providers serving this trend has varied greatly, with some startups hoping to circumvent regulations and slide under the radar and others touting partial compliance as the full solution.

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Security Payments Fintech United States 129

PYMNTS

MAY 15, 2019

Taxis offered professional drivers an established service model and compliance with strict regulations, but consumers still flocked to Uber for its convenience and seamless payments. Those that already offered taxi technology, such as Curb Mobility, unveiled ride-hailing apps to remain relevant and help taxis stay competitive.

New York City 100

New York City New York Mobile Industry 100

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. By Vanessa Drucker.

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Community Bank Compliance Risk Management Community 70

Abrigo

AUGUST 6, 2019

Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. He further stated that we must be responsible with such innovation.

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System Las Vegas San Antonio San Diego 264

Independent Banker

JULY 30, 2015

In New York, IBANYS plays creative offense and strong defense on several issues. The Independent Bankers Association of New York State has been actively advocating for several initiatives to enhance community banking and the communities and customers our members serve. By John Witkowski.

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Community Bank New York Community Taxes 70

American Banker

DECEMBER 1, 2021

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New York Innovation Compliance Technology 45

Jack Henry

JULY 2, 2014

The stakes of this game are rising, however, because of increased sophistication of cyber-attacks, regulatory scrutiny around how banks are managing IT environments, and the growing number of governing entities with their fingers in the compliance pie.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

Fintech Labs Insights

MAY 2, 2017

The recent news that due diligence innovator OutsideIQ agreed to be acquired by compliance specialist, Exiger, is a sign that the RegTech revolution in fintech is real. Founded in 2010 and headquartered in Toronto, Ontario, Canada, OutsideIQ demonstrated its due diligence technology, DDIQ , at FinovateSpring 2016.

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Compliance Maryland New York Conference 16